A 2025 Charles Schwab study found that the average American worker had a retirement savings target of $1.6 million, which they expected to cover them for 22 years. However, reaching your retirement savings goal requires making important decisions about funding your account, and you’ll need to withdraw those funds wisely later to avoid penalties. Plus, there are considerations for health insurance and Social Security benefits. In a recent YouTube video, money expert Rachel Cruze addressed these common co ...